‘We chose democracy & human rights over banks’ – Iceland president

As Iceland’s banking system went into meltdown at the start of the global financial crisis, it came under enormous pressure from the rest of Europe to accept crippling austerity measures that would have burdened its people for generations to come. And yet the tiny island nation stood up to the European Goliath, defiantly opting for democracy even as it stood on the brink of bankruptcy.

What can Iceland teach the world about the power of the people and the rule of law? To discuss these issues, Oksana is joined by the President of Iceland, Olafur Grimsson.

Also watch:

Iceland President: Let Banks Go Bankrupt

Credits:

RT

50 Responses to ‘We chose democracy & human rights over banks’ – Iceland president

  1. Something a lot of other countries should have a look at. Great interview with the President of Iceland. Iceland stood up to the banks and other countries and change their system for the better.

  2. It is about time the believers in crony capitalism got a lesson in real free enterprise. Banks should be controlled and prevented from engaging in financial manipulation, derivatives and anything that does not have to do with the core business of lending money, and they should only be allowed to charge a management fee and not interest. It is not their money they lend. The best way for an ordinary person to have the biggest impact on the banking industry is to stop doing business with them and use Credit Unions. The Harper government knows what the impact of people dealing with member owned credit unions will be on the banking and financial industry, that is why they introduced a tax on credit unions, that were previously exempt. The tax rate they put into the law is twice the rate of banks. Now the Harper government is going to pretend they care about consumers and the average citizen. Do not be fooled again.

  3. The best way to go overall is to chuck the electoral system(it is after all a tool of oligarchy) and instead meet in Citizen Assemblies. I am talking genuine democracy. Direct democracy. Participatory democracy. Call it what you want–its time has come for the United States of America. visit http://democracyfortheUSA.org to see what I mean. You want “liberty”? You want “freedom”? Then you want democracy. Pure and simple. No more politicians. People governing themselves. Government of, by and for the people. Finally.

  4. Great move on the part of Iceland. Too bad some retards in Iceland don’t appreciate the greatness of their people who have thrown off the yoke of slavery to the scumbag banks.

  5. A political giant, and man of integrity and honour, and a rare breed in todays world!

  6. Iceland is a republic not a democracy, learn the difference and you might achieve the freedom you seek. america is a republic overshadowed by a de facto democracy
    promissory notes are NOT money.

  7. Milton Friedman is a low life and his so called “economic opinions” are worth naught.and a cause of the mess we are in.

  8. As Iceland’s banking system went into meltdown at the start of the global financial crisis, it came under enormous pressure from the rest of Europe to accept crippling austerity measures that would have burdened its people for generations to come. And yet the tiny island nation stood up to the European Goliath, defiantly opting for democracy even as it stood on the brink of bankruptcy.

    What can Iceland teach the world about the power of the people and the rule of law? To discuss these issues, Oksana is joined by the President of Iceland, Olafur Grimsson.

    Read more http://www.trueactivist.com/gab_gallery/we-chose-democracy-human-rights-over-banks-iceland-president/

  9. Iceland certainly has the right mindset on this matter. Kudos to you, Iceland. You just might be the most advanced country on Earth in terms of intelligence.

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